Phocas Financial Corp. Reduces Holdings in White Mountains Insurance Group, Ltd. (NYSE:WTM)

Key Points

• Phocas Financial Corp. reduced its holdings in White Mountains Insurance Group by 5.5%, owning 5,391 shares valued at approximately $10.4 million, making it the fund's 10th largest position.
• Several large investors have significantly increased their positions in White Mountains, with GAMMA Investing LLC boosting its stake by an astonishing 276,054.7%, now owning 146,362 shares worth $281.9 million.
• White Mountains Insurance Group reported a quarterly loss of ($20.50) EPS, missing analyst expectations by $6.50, and has been upgraded from a "sell" to a "hold" rating by Wall Street Zen.

Phocas Financial Corp. cut its holdings in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,391 shares of the insurance provider's stock after selling 311 shares during the period. White Mountains Insurance Group makes up about 1.6% of Phocas Financial Corp.'s investment portfolio, making the stock its 10th largest holding. Phocas Financial Corp. owned about 0.21% of White Mountains Insurance Group worth $10,382,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in WTM. LPL Financial LLC raised its position in shares of White Mountains Insurance Group by 39.7% during the fourth quarter. LPL Financial LLC now owns 1,763 shares of the insurance provider's stock valued at $3,430,000 after buying an additional 501 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of White Mountains Insurance Group by 4.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,065 shares of the insurance provider's stock worth $2,071,000 after acquiring an additional 48 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of White Mountains Insurance Group by 18.9% in the 4th quarter. Franklin Resources Inc. now owns 421 shares of the insurance provider's stock valued at $819,000 after purchasing an additional 67 shares during the period. Huntington National Bank grew its position in shares of White Mountains Insurance Group by 57.1% during the 4th quarter. Huntington National Bank now owns 22 shares of the insurance provider's stock worth $43,000 after buying an additional 8 shares during the period. Finally, Pitcairn Co. increased its holdings in White Mountains Insurance Group by 8.9% during the 4th quarter. Pitcairn Co. now owns 135 shares of the insurance provider's stock worth $263,000 after purchasing an additional 11 shares in the last quarter. 88.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded White Mountains Insurance Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th.

White Mountains Insurance Group Stock Down 1.1%

NYSE:WTM traded down $18.76 on Thursday, hitting $1,763.96. The stock had a trading volume of 21,421 shares, compared to its average volume of 18,192. White Mountains Insurance Group, Ltd. has a 52 week low of $1,666.22 and a 52 week high of $2,023.00. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The business's fifty day moving average is $1,784.32 and its 200 day moving average is $1,815.20. The company has a market cap of $4.54 billion, a PE ratio of 162.58 and a beta of 0.37.

White Mountains Insurance Group (NYSE:WTM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The insurance provider reported $83.75 earnings per share for the quarter. White Mountains Insurance Group had a return on equity of 5.01% and a net margin of 1.29%.

White Mountains Insurance Group Company Profile

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.